Question: A managed floating exchange rate differs from a freely floating exchange rate as with a free floating exchange rate: Question 8 options: 1) The currency

A managed floating exchange rate differs from a freely floating exchange rate as with a free floating exchange rate:

Question 8 options:
1) The currency trades within a pre-determined band

2) Market forces determine exchange rates unless excess volatility occurs

3) There is no central bank intervention in foreign exchange markets

4) There is central bank intervention in foreign exchange markets

5) None of the given answers

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